Share
Mobility as a Service Market Size, Share, and Analysis, By Service Type (Ride-Hailing, Car Sharing, Taxi Services, Others), By Transportation Type (Public, Private), By Solution (Technology Platforms, Payment Engines, Navigation Solutions, Telecom Connectivity Providers, Ticketing Solutions, Insurance Services), By Application (iOS, Android, Others), By Propulsion Type (ICE Vehicle, Electric Vehicle, Hybrid Electric Vehicle, CNG/LPG Vehicle), By End User (Business Developments, Transport Services, Academics, Civil Work, Hospital Transport Facility, Municipal Sector) and Regional Forecasts, 2022-2032
Mobility as a Service Market size was USD 181.67 billion in 2021 and projected to grow from USD 251.4 billion in 2023 to USD 1110.9 billion by 2032, exhibiting a CAGR of 17.9% during the forecast period.
MaaS, elaborated as Mobility-as-a-Service is the incorporation of different forms of transportation services in a solo mobility service available on demand. By using a single app to offer access to a lone payment network rather than numerous ticketing and payment activities and mobility, it adds value for commuters. A MaaS operator integrates several modes of transportation onto the platform and presents them on a sole interface for consumers.
Mobility as a Service Market is expected to reach USD 1110.9 billion, growing at a CAGR of 17.9% during the forecast period owing to the explosion of a number of OEMs in the market and speedy urbanization due to higher pressure on transport infrastructure. Also, growing opportunities in the transport industry to enhance travel choice for consumers in transportation service is expected to boost the Mobility as a Service Market over the forecast period.
Mobility as a Service Market is classified based on the Service Type into Ride-Hailing, Car Sharing, Taxi Services, and Others. The Ride-Hailing category is expected to dominate the Mobility As A Service Market during the estimated period. One of the key factors driving the need for the ride-hailing category is the variety of booking options and comfort provided by these services. Another factor influencing the segment is the ease of ride-hailing services to pick up and drop off passengers than the conventional taxis.
Mobility as a Service Market is classified based on the Application into iOS, Android, and Others. The Android category is anticipated witness major market share during the forecast period. One of the reasons for the growth of this category is the inexpensive cost of Android OS in comparison to iOS. Since many consumers are drawn to iOS owing to its data protection privacy and security concerns, the iOS category is also anticipated to have considerable growth rate throughout the projection period.
Increased Modes of Transportation and Developed Technologies are Expected to Boost the Market Growth
The development of smart cities and the introduction of more environmentally friendly forms of transportation, along with better solutions for managing parking, mobility, and traffic, as well as lower costs and fewer accidents, have spurred market growth. Moreover, advanced technologies like Wi-Fi, 3G, 4G, 5G, and embedded systems have helped to connect users to one another over Wi-Fi or internet access at a high speed for greater performance. These factors are majorly driving the industry growth.
Increasing Initiatives by Governments is Expected to Boost the Market Growth
Governments from all across the world are starting to push digital payments. The expansion of the market is driven by an increase in e-commerce businesses and also a rise in the use of e-wallets for transactions. The Mobility as a Service Market is also anticipated to be driven by the development of highly secure and safe payment gateways over the forecasted period.
High Data Privacy and Security Concerns to Restrain the Market Growth
The low internet penetration in some underdeveloped and developing nations is expected to constrain the market growth. Furthermore, the public's growing worries about data security and privacy in relation to the usage of ride-sharing or ride-hailing applications and services is anticipated to impede market growth in the near future.
Mobility as a Service Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Asia Pacific region is anticipated to hold a significant share of the Mobility as a Service market throughout the forecast period due to the rising cost of car ownership, fast urbanization, and rising fuel prices. Another factor driving the growth of MaaS services in this area is the shortage of public transport to keep up with the region's ever expanding population. North America is also predicted to occupy the second-largest position since customers are becoming more aware of the effects of rising emissions and increasing traffic congestion.
The COVID-19 had a negative effect on the market for mobility as a service. The necessity for travel decreased, save for emergencies, when the global lockdown and social distance norms were established. The market's main commercial sector was severely impacted with essentially no public movements, and the economy descended. Despite the market issues brought on by the COVID-19, there have been opportunities for innovation and adaptation resulting in the introduction of MaaS services for contact tracking and contactless payments.
|
ATTRIBUTE |
DETAILS |
|
Study Period |
2018-2032 |
|
Base Year |
2022 |
|
Forecast Period |
2022-2032 |
|
Historical Period |
2019-2021 |
|
Growth Rate |
CAGR of 17.9% from 2022-2032 |
|
Unit |
Value (USD Billion) |
|
Segmentation |
Main Segments List |
|
Service Type |
|
|
Transportation Type |
|
|
Solution |
|
|
Application |
|
|
Propulsion Type |
|
|
End User |
|
|
By Region |
|
Mobility as a Service Market size was estimated at USD 181.67 billion in 2021 and is expected to reach USD 1110.9 billion in 2032.
MaaS, elaborated as Mobility-as-a-Service is the incorporation of different forms of transportation services in a solo mobility service available on demand.
Ride-Hailing and Android segments accounted for the largest Mobility as a Service Market share.
. Key players: Enterprise Holdings Inc., Uber Technologies Inc., Avis Budget Group, The Hertz Corporation, Didi Chuxing Technology Co., Europcar, Bolt Technology OÜ, Lyft Inc., Careem, Zoomcar, BlaBlaCar, Moovit Inc., MaaS Gobal Oy, SkedGo Pty Ltd., Moovel Group GmbH, and Other Prominent Players are the key players in the Mobility as a Service Market.
Majority consumers (especially youngsters) preferring cost-effective and convenient mobility option and MaaS platforms reducing environmental impact are the factors driving the Mobility as a Service Market.
Select License Type
Select License Type
FATPOS CLIENT Appriciation DURING THE PROJECT
Working with Fatpos Global, allowed us to take advantage of their knowledge and easy approach, allowing us to collect important data utilizing a variety of techniques. The results were clearly presented and explained, and FG responded to our questions with speed and expertise.
|
Swiss-based global building materials manufacturer |
The analyses and presentations Fatpos Global have produced for us have been of a very high caliber and have allowed us to proactively improve our customer relationship management. They have also done so while maintaining complete anonymity. Without any doubt, we suggest Fatpos Global to you.
|
|
Tech-powered construction company |
We appreciate the team’s punctuality, flexibility in terms of report modification, post report purchase support and pleasant reaction all around. Overall, my experience with this company was nothing but positive, and I couldn't be more grateful for their excellent service. Thank you for all that you do!
|
|
American global management consulting firm |
We are able to concentrate on the topics and implications that are most important to our clients thanks to the adaptability and responsiveness of the team at Fatpos Global. We would highly recommend this company to anyone in need of their services, and I will certainly be using them again in the future.
|
|
Headquartered in Zug, Switzerland, leading supplier of medical and surgical instrument |
To better study our client demographics, develop the ideal product-price architecture, and enhance our target marketing initiatives, we hired Fatpos Global. Every component of the project was completed, and we are very happy with the useful insights and actionable results.
|
|
Kosovan company, A leading organic fertilizers producer |
Thank you for your team's generous assistance, The final report was delivered to me, and I find it to be really helpful. Also, you may be sure that I will get in touch with you if I ever require fresh materials for market research. Gratitude once more.
|
|
German specialty chemicals company based in Cologne, Germany |
